[Corrected Copy]

[First Reprint]

ASSEMBLY, No. 2379

STATE OF NEW JERSEY

INTRODUCED SEPTEMBER 26, 1996

By Assemblymen GREEN, KELLY, Assemblywoman J. Smith, Assemblymen Gregg, Weingarten and

Assemblywoman Cruz-Perez

An Act concerning rental housing and amending P.L.1987, c.153.

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

    1. Section 7 of P.L.1987, c.153 is amended to read as follows:

    7. This act shall take effect immediately ¹[, and shall expire [ten] fifteen years following enactment, but the expiration of this act shall not affect any multiple dwelling for which an exemption from a rent control or rent leveling ordinance was afforded prior to the expiration date, but the period of exemption so afforded shall continue for the full period afforded under [this act] P.L.1987, c.153 (C.2A:42-84.1 et seq.)]¹.

(cf: P.L.1992, c.206, s.1)

    2. This act shall take effect immediately.

Makes permanent the exemption for new multiple dwellings from rent control or rent leveling ordinances.